Press Release

Saudi Arabia Magnetic Resonance Imaging Market to grow with a CAGR of 5.23%

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Saudi Arabia Magnetic Resonance Imaging Market.


According to TechSci Research report, “Saudi Arabia Magnetic Resonance Imaging Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia Magnetic Resonance Imaging Market has valued at USD 107.15 million in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 5.23% through 2028. This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market. Increasing healthcare expenditure significantly drive the demand for Magnetic Resonance Imaging (MRI). Higher healthcare expenditure allows healthcare institutions to invest in state-of-the-art medical equipment, including MRI machines. This results in greater access to advanced MRI technology, leading to increased utilization. With increased funding, hospitals and medical centers can acquire and maintain a greater number of MRI units, reducing waiting times for patients and meeting the growing demand for diagnostic imaging services. Increased expenditure often leads to the expansion of healthcare facilities, such as hospitals and diagnostic centers. The establishment of new healthcare institutions or the expansion of existing ones creates additional opportunities for MRI services. Adequate funding allows for the proper maintenance and upkeep of MRI equipment. Well-maintained machines ensure accurate and reliable imaging, which is crucial for patient diagnosis and treatment planning. Higher healthcare budgets can be allocated to staff training and development. A well-trained workforce, including radiologists and MRI technologists, ensures the efficient operation of MRI units and accurate interpretation of results.

Adequate funding can lead to shorter waiting times for patients seeking MRI scans. This improves patient access to timely diagnostic services, which is essential for early disease detection and treatment. Healthcare expenditure can support the implementation of screening programs for specific diseases or conditions that benefit from MRI imaging. For example, breast cancer screening with MRI is made more accessible through well-funded healthcare programs.


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In November 2022, Integrated Diagnostics Holdings (IDH), a prominent player in the consumer healthcare sector operating in Egypt, Jordan, Sudan, and Nigeria, has officially announced the formalization of a Joint Venture Agreement with Al Makhbaryoun Al Arab LLC and Izhoor Holding Medical Company LLC to establish a new diagnostic enterprise in Saudi Arabia. This newly established joint venture will be equally owned, with a 50% stake held by IDH Group, inclusive of IDH and its subsidiary Biolab in Jordan, and the remaining 50% held by Izhoor, a company under the ownership of Fawaz Alhokair, the chairman of the well-known Fawaz Alhokair Group in Saudi Arabia. Izhoor specializes in innovative healthcare solutions for the Saudi market, facilitated through strategic partnerships with established international healthcare entities. The company's primary focus lies in market segments characterized by high entry barriers and a substantial potential for digital transformation.  The cost of MRI machines and their maintenance pose challenges in the Saudi Arabia Magnetic Resonance Imaging (MRI) market. MRI machines are capital-intensive medical equipment, and the initial cost of purchasing and installing them can be significant. This poses a financial challenge for healthcare providers, especially smaller clinics, or facilities with limited budgets. In addition to the initial purchase cost, there are ongoing operational expenses associated with MRI machines, including electricity, cooling systems, and facility maintenance. These costs can strain the financial resources of healthcare institutions. MRI machines require regular maintenance to ensure their performance, safety, and longevity. Routine maintenance, as well as unexpected repairs, can be costly. Maintenance costs can vary depending on the complexity and age of the MRI system. To remain competitive and provide high-quality diagnostic services, healthcare providers may need to invest in technology upgrades for their MRI machines. Keeping up with the latest advancements can be expensive.

Saudi Arabia Magnetic Resonance Imaging Market is segmented based on Field Strength, Type, Architecture, Source, Application, End-User, and by region.  Based on the Field Strength, Saudi Arabia Magnetic Resonance Imaging Market is segmented into High-Field MRI Systems, Low-to-Mid Field MRI Systems, Very-High-Field MRI Systems. Low-to-mid field Magnetic Resonance Imaging (MRI) systems refer to MRI machines with magnetic field strengths typically ranging from 0.2 Tesla (T) to 1.5 Tesla (T). These systems are characterized by their lower magnetic field strength when compared to high-field MRI systems, which can go up to 7 Tesla or even higher. Low-to-mid field MRI systems operate at magnetic field strengths typically ranging from 0.2 T to 1.5 T. This range of field strength is suitable for a variety of clinical applications. Low-to-mid field MRI systems are versatile and can be used for a wide range of clinical imaging applications, including brain, spine, musculoskeletal, abdominal, and pelvic imaging. They can provide valuable diagnostic information for various medical conditions. These systems are often more comfortable for patients, especially those who may experience claustrophobia in higher-field MRI machines. The wider bore design and shorter scan times can enhance patient comfort. Low-to-mid field MRI systems are generally more cost-effective to purchase and operate compared to high-field systems. This makes them a practical choice for smaller healthcare facilities, clinics, and hospitals with budget constraints. These systems typically have lower infrastructure requirements in terms of power and site preparation. They may be easier to install and integrate into existing healthcare facilities.

Based on Region, Northern & Central region held the largest share in the Saudi Arabia Magnetic Resonance Imaging Market. The Saudi government has been actively investing in healthcare infrastructure and initiatives, with a particular focus on major urban centers. This investment has led to the expansion and modernization of healthcare facilities, including those offering MRI services. The Northern and Central regions are more likely to attract medical tourists due to their accessibility, international airports, and the presence of renowned healthcare institutions. Medical tourism contributes to the high demand for MRI services in these areas. These regions are home to prestigious medical schools, universities, and research institutions. These institutions often have a need for MRI machines for both clinical and research purposes. Rapid urbanization in these regions has led to increased healthcare needs and a higher prevalence of non-communicable diseases, further driving the demand for diagnostic services like MRI.


Some of the major companies operating in the Saudi Arabia Magnetic Resonance Imaging Market include:

  • General Electric El Seif Healthcare Arabia Co. Ltd.
  • Siemens Saudi Arabia Ltd.
  • Philips Healthcare Saudi Arabia Ltd.
  • Medtronic Saudi Arabia Co
  • Esaote SpA
  • Hitachi Saudi Arabia, Ltd.
  • Toshiba Corporation
  • FUJIFILM Holdings Corporation


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“Certain areas, particularly in North America, are projected to exert significant demand for Magnetic Resonance Imaging. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Saudi Arabia Magnetic Resonance Imaging Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Saudi Arabia Magnetic Resonance Imaging Market by Field Strength (High-Field MRI Systems, Low-to-Mid Field MRI Systems, Very-High-Field MRI Systems), By Type (Fixed, Mobile), By Architecture (Closed, Open), By Source (Import, Domestic), By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac & Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers & Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Saudi Arabia Magnetic Resonance Imaging Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Magnetic Resonance Imaging Market.


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